Rexford Industrial Raises Core FFO Guidance for Q2

REXR Rexford Industrial Realty Inc

$36.80 +0.30%

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SLG +0.81%

1. 1Rexford Industrial (REXR) reported Q2 results and raised its core FFO guidance for the second consecutive quarter.
2. 2Q2 core FFO came in at $0.63 per share; the company repurchased $100 million of its own stock (approximately 3 million shares at an average of $36) and announced plans to sell roughly $2 billion of non-core assets.
3. 3The properties slated for sale triggered a $625 million impairment charge due to shorter holding periods, but the company said this does not indicate impairment risk across the broader portfolio.

Source Associated Press +1 · View original ↗

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